Saudi building sector rises 156pct

Construction contracts awarded in Saudi Arabia during the first half of 2011 jumped 156 per cent to 84.2 billion riyals (Dh82.43 billion), up from 33 billion riyals in the corresponding period last year, according to a report.

Saudi Arabia’s Construction Contracts Index (CCI) jumped to 205.3 points at the end of the first half of 2011, which is in stark contrast to the 80.36 points recorded in the corresponding period of 2010……………………………………….Full Article: Source